Edelweiss Mutual Fund has launched a new fund offering ‘Edelweiss Multi Asset Allocation Fund’,an open-ended scheme investing in Equity, Debt, Commodities and in units of REITs & InvITs. The NFO is open for subscription from June 5th, 2023 and will end on June 19th, 2023. The Schemes will reopen for continuous sale and repurchase on or before July 4th, 2023. Subscriptions can be made starting at Rs. 5,000 and in multiples of Rs. 1/-. Both a Regular Plan and a Direct Plan are available.
About Edelweiss Mutual Fund
Edelweiss Asset Management Limited oversees Edelweiss Mutual Funds, making it one of the country’s newest and most innovative investment management firms. In 1996, Edelweiss Financial Services opened for business and has since become an integral part of India’s financial landscape. In 2008, as the global economy was beginning to slow, it received approval to sell mutual funds. Edelweiss Asset Management Ltd. (EAML) was founded, and mutual funds were released, despite the fact that the market was not exhibiting any signs of improvement.
Edelweiss Mutual Funds started off slowly, but the company’s brilliant investing strategy and extensive array of funds helped it quickly gain momentum, and it has been expanding rapidly ever since. EAML is an Alternative Investments broker as well as a mutual fund dealer. Investors can choose from 84 different funds in EAMC’s current portfolio. With a total of Rs. 78642.32 Crore in Assets Under Management (AuM), they are a sizable AMC in India. Eleven locations serve as AMC outposts across the country.
Edelweiss Multi Asset Allocation Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Edelweiss Mutual Fund |
| Name of the Fund | Edelweiss Multi Asset Allocation Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Hybrid Fund |
| NFO Starts | 5-June-2023 |
| NFO Ends | 19-June-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 0.10% |
| Investment Manager | Edelweiss Asset Management Limited |
| Fund Manager | Bhavesh Jain & Bharat Lahoti (Equity), Dhawal Dalal (Debt), Amit Vora (Overseas), Ashish Sood (Commodities). |
Edelweiss Multi Asset Allocation Fund NFO – Scheme Objective
The Scheme’s goal is To provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
Edelweiss Multi Asset Allocation Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- Income generation from fixed income instruments.
- Capital appreciation from Equity and equity related instruments, Commodities and in units of REITs & InvITs.
How Will the Scheme Allocate Its Asset
- 10-80% in Equity & Equity related instruments.
- 10-80% in Debt and Money Market instruments.
- 10-30% in Commodity ETFs, Exchange Traded Commodity Derivatives (ETCDs) & any other mode of investment in commodities as permitted by SEBI from time to time.
- 0-10% in Units issued by REITs and InvITs
Where Will the Scheme Invest?
The Scheme may invest its funds in the following securities:
- In Equity and Equity related instruments inclusive of convertible debentures, equity warrants, convertible preference shares, equity derivatives etc.
- The Scheme shall invest in a range of Debt & Money Market Instruments. Some of these instruments are:
- Securities created and issued by Governments of India and/or repos/ reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Corporate debt securities and repo in corporate debt Securities (of both public and private sector undertakings) including Bonds, Debentures, Notes, etc.
- Money Market instruments includes commercial papers, commercial bills, treasury bills, Tri-party repo, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.
- Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Certificate of Deposits (CDs).
- Commercial Paper (CPs).
- Securitized Debt Obligations.
- The Scheme may invest in Derivative Instruments to the extent permitted under SEBI Circulars.
- Investments in units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).
- The Scheme may invest in units of the schemes managed by the AMC, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI Regulations.
- The scheme will participate in Exchange Traded commodity derivatives (ETCDs), Commodity ETFs (Exchange Traded Funds) or any other instruments linked with the commodity prices.
Edelweiss Multi Asset Allocation Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
